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💥 XRP SLIPS BELOW TEST, CONTINUED 💥💥 Thanks for joining in ladies and gentlemen, this is basically just gonna be a quick follow up, continuation from yesterday's idea henceforth the added on, continued to today's title. 💥In yesterday's idea we pointed out our target of crossing back above 0.688 and yet that failed to really come to fruition as we instead got resistance at 0.688 and reversed further with some more big sells sending us to 0.66 before finding what seems to be some support in the least. A lot of this can be attributed likely to the recent Fud from a judge's decision in refusing Terra's motion to dismiss the SEC's lawsuit against Terraform Labs even after XRP's decision from Torres. 💥Basically a New York US District Judge Jed Rakoff on Monday allowed the Securities and Exchange Commission to go forward with its case against Terraform Labs Pte and founder Do Kwon, while doing so, Rakoff said he rejected the distinction made in the Ripple case between public and institutional sales. Such has definitely diminished some moods but isn't really anything to be worried about. Like ripple's chief legal officer pointed out, the terra rulling has no impact on Judge Torres' classification of XRP as not a security so that's still gonna be solid as ever. 💥 Ripple already has expanded into other countries with easier UK, Europe, Singapore, Dubai and the Middle East, it's only a matter of time before we see what in store for the U.S, long run still positive as ever, though local we're still trading relatively sideways even after having falling out of our consolidation channel we have to admit price has done pretty well to keep up this high, long. 💥 Longer we can manage to keep above 0.65 the better things look at us regaining that 200 EMA, just like we can overextend in the uptrend, we can underextend in the downtrend: "Basically we get too far from the 200 EMA and have to rejoin it at one point or another" Whether or not that'll be sooner or later is up to the market and the goal that we keep above 0.66. Below 0.66 and we go into even further uncharted territory for the local likely extending further down to 0.56 or so. 💥 If XRP does come down to a point between 0.50-0.60 I'll be looking to possibly buy more, stack up. Sure XRP's had it's wild run up and it looks like we're losing that momentum and sinking and sure, but we already knew when the case was settled thing we're going to go up quick. What matters though is the reversal and how slow or quick it is. So far health wise, XRP has had a healthy retracement and such only gives us more room to the upside once we can regain that 200 EMA and XRP can start more of it's key projects in the U.S, especially now with the clarification on being a security or not. 💥 The gears on the clock are starting to move, and charts aside, I'm happy thinking about the big picture right now. No targets for today else than staying above 0.66, fall below and expect possible move to 0.56. I have to get going but woke up and wanted to get something out quick before I left, thanks for joining in and all the best, feel free to dm me any questions. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
XRP/USD 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this XRP/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- XRP, formerly Ripple, remained in the red during today’s session, as the price fell to a multi-week low. Following a high of 0.6971 the day prior, XRP/USD slipped to an intraday low of 0.6589 earlier in the day. This is the weakest point that XRP has hit since July 13, when the token was trading below 0.4700. That day also saw XRP hit its highest point since December 2021, after it was ruled by a U.S. judge not necessarily to be a security. sentiment has been largely bearish, with the latest sell-off coming as the relative strength index (RSI) broke out of a floor at 49.00. the index is tracking at 48.60, with the next visible point of support at 45.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
Long
by CryptoSanders9563
1
💥 XRP SLIPS BELOW TEST 💥💥 Thanks for joining in ladies and gentlemen, this will be quick. 💥 With XRP having slipped below our horizontal test level at 0.688 we'll have to watch for support or at least some form of a push back up above that in hopes to regain that 200 EMA. Since we've lost it on the 1 hour timeframe we've failed to regain it forming lower high's on the local and ultimately sending us to where we are now. 💥 This is a pretty critical point of course being that we haven't been at this point since july 23rd though if past price action is anything to show more than likely we'll get a support and some sort of bounce back up like we did previously but if we can't sustain that then chances are we'll fall further though the hope is we avoid that of course. 💥 Just wanted to get that out quick for you guys, below is the 1 minute chart if that may help some more. 💥 Since this is only our second time down here basically since the run up expect stuff to be volatile and whales to possibly start making some trades with some exiting or some possibly entering buy positions if we get lucky enough for that support of course. 💥 I've got to go but wanted to get something out real quick, tomorrow's idea should be better and will allow me to dive in more on some stuff I've been meaning to so feel free to keep tuned and leave a like or follow for now, really helps and all the best till then! ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
⚡ XRP QUICK AFTERNOON TA ⚡⚡ Alright just a lightning quick TA here for you guys, been a bit under the weather today and just woke up so wanted to get something out quick in the least, thanks for joining. Seems we had some quick impulse movements thanks to some big sell's as well as buy in's. ⚡ Honestly it feels like a bit of what happened earlier in the week which we theorized that it could have been caused by a whale or institutional trader buying and selling/exiting their position. That basically just sent us into a spiral down which extended below 0.688 but price managed to promptly pull us back up and away from our 0.688 level signaling another sign of support there. ⚡ My main focus has been on that 200 day moving average, thanks to the bullish run we've managed to regain that 200 which is a positive sign though the target now will be to stick above 0.699 or 0.70 basically and form another level of support again. ⚡ I've added two dotted black horizontal lines to help visualize things like those resistance points on the local such as the first which ultimately lead up to our reversal once we failed to break 0.72 and the second now possibly being at 0.704 though we'll likely manage to break above that but will want to see more support form and so on. ⚡ That's it for today's idea, again not feeling to great but I couldn't let you guys down! Had to get something out so hope that helps at least a bit, feel free to leave any likes or follows as always and thanks for the ongoing support everyone, really helps. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
6
BTC IN CYCLE AND NEW BULLTREND SEEMS TO STARTBTC has been following a repeating pattern since November, forming a cycle trend. In January 2023, it completed the first cycle confirmation. Looking at the recent price action, the cycle remains intact because BTC's overall trend is still positive, despite some fluctuations. Large investors (whales) consider both the long-term perspective and the technical price analysis, which currently indicate a positive outlook for BTC, as represented by the green trend chart. Based on this analysis, there is a good chance that BTC could reach $32,800 in the coming time, with a possibility of even reaching $47,000 by the end of 2023. If BTC enters a strong bulltrend, it could further confirm the continuation of this upward trend in the future. Such a bulltrend in BTC may also positively impact other cryptocurrency projects, leading to potential gains in the broader crypto market. There is a high chance BTC is going to build a volume for the first breakout to $32800 Expecting that BTC can see more breakouts in the coming time since the technical view on the cycle is still running. When it's the right time BTC will show more volume, the small time frame is not a confirmation of the trend, what real the main trend is of BTC now, and that it's still running in a cycle since NOV 2022.
Long
by Goldenbreakout
6
🔥 XRP BREAKS OUT! & WELLS FARGO! 🔥 🔥 Some crazy stuff today! And an even crazier prediction! Without further a due let's dive into things and thanks for tuning in ladies and gentlemen! Thanks for everyone that tuned in with yesterday's idea, got some great support and comments which we're all appreciated, I'll keep it up as always! 🔥 Catalyst for the rather crazy jump has been the news which has been Shannon Thorp's twitter thread on XRP in which she detailed the utility and the driving price giving her own forecast of $100-500 within the next 4-7 months before offering her reasoning. For anyone who doesn't know, Shannon is the Treasury Manager for the banking giant Wells Fargo. Below is a link to the post she made regarding XRP, lot of great stuff! twitter.com 🔥 Anyway that's a pretty wild development in itself, she even points out how she believes everything will happen with the flip of a switch even pointing out her belief that there's already been an evaluation for XRP, like gold with the governments controlling the next world of finance, in general some wild stuff but feel free to read for yourselves and comment below what you think, thoughts, I'd very much like to hear some comments, thank you. 🔥 I'll dive quick in on TA, TA wise we got a breakout from that consolidation channel so that's been nice to see, there's obviously gonna be some resistance at 0.72 being as that's where we originally fell from but the fact we we're able to get this push in itself is great to be honest, just another confirmation of some good support above 0.68. Here's a quick 1 minute chart below: 🔥 Chart does most of the speaking for itself, we broke above the 200 day moving average on the local most likely thanks to the twitter post gaining traction today with some articles coming out about it the past few hours so that's most likely been the good push that's helped us, we've needed. I'm not setting any targets or directions for today, biggest thing is we stay above 0.68 and 0.70 for the local. You already know I'm bullish on XRP overall in the long term. Don't like to focus on the local or stress about it so much, it's static compared to the real utility of XRP in itself. 🔥 Hopefully I've offered some helpful words and thoughts today, always like keeping you guys informed on new and interesting developments like this! After all, I like doing these ideas for you guys and will continue so on as long as I've got the support you guys stay pushing me up with, thank you in kind for it all. Feel free to leave any likes or follows, share, always helps out and comment below! ~ Rock '
BITSTAMP:XRPUSDLong
by Rocksorgate
5
🥊 XRP TAKES ON MAJOR MOVE, BIG NEWS 🥊🥊 Just spent an hour writing up an idea only for all the progress to get lost so I'm just gonna rewrite this real quick for you guys, thanks for joining in and feel free to leave a like or follow, would really be appreciated. 🥊 Below is a 3 minute chart so I'll refer to that quick. 🥊 Based on the chart we can identify everything that's happened and get some confirmations. The first one is that the 0.688 and 0.736 levels we added in a few days ago proved the test well and did their job for us confirming some stuff like that resistance at 0.736 as well as the support above 0.688 with us promptly getting pulled back up. 🥊 What I did want to point out was my quick theory on the quick jump up and down. When I looked at the bars I noticed that there was 1-200k in buying volume cumulatively. Almost immediately we saw a drop in the following bar which had a volume of 405k. My theory is that a whale or institutional buyer wanted to sell their original position and decided to do a semi rug pull. They basically could have used 50-100k or even more to get prices pumping and looking like XRP will rocket quick, thanks to that other traders and retail buyers will buy up XRP increasing the liquidity and demand. The whale then takes advantage of the heightened demand and liquidity/ sells their lot in one go at the best price possible since other people are buying the XRP they're selling and won't realize it's been sold until after the fact. If you don't believe me look at the chart yourself. The volume then dips to 35k being the highest for the next few minutes so the volume was almost certainly a big whale/institution. 🥊 That's a lot for a theory I understand but this stuff doesn't just happens randomly. Not to mention the trade occurred at 6 am which tells me they wanted most of the market to be asleep, so they took advantage of that and the low volume to execute their quick rug pull and exit their position. That's about it and that's what set us up for this fall that's happened. Why I would like to reinforce the fact that all that matters is that we avoided felling below 0.688. 🥊 If we look again at the 3 minute chart we can see how prices got rejected upon the rebound at 0.71 hitting our channel top which we've already identified as resistance. This is the same consolidation channel you guys should have already, I simply extended, pulled it to the right so feel free to do the same on your charts. 🥊 Target at this point is just to break back above 0.71 and out the channel, in the least avoid falling below 0.688 if we do end up retesting that level of support. 🥊 Ultimately though stuff isn't too bad, XRP's utility is ultimately the main driving factor and in the long run things continue to be positive. Not to mention yesterday Fubon Bank announced it's plan to use Ripple's Ledger platform to test Digital Hong Kong Dollars. The bank has announced plans to launch a pilot real estate tokenization program this year in Q3 of 2023 on Ripple's CBDC platform. 🥊 As the article explains, Fubon Bank will take advantage of Ripple's CBDC platform using it to tokenize real estate as well as issue loans in e-KHD 'Electric Hong Kong dollars'. The first part of the test is to convert the fiat version of Hong Kong Dollars into a 'test-only' digital Hong Kong dollar on a 1:1 exchange rate. All that in itself is a big development for XRP and another bit of proof that XRP's CBDC platform will no doubt likely become a big part of life for companies, industries. 🥊 I'm a bit tired right now and have to get ready for work so I'll leave you guys on that note, just wanted to get something out at least. Feel free to leave a like or follow as always and have a great day. Also attached below is a link to the article for the Fubon Bank Test. thecryptobasic.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
6
⚡ XRP QUICK TA ⚡⚡ Thanks for joining as usual ladies and gentlemen, today's Ta won't be long at all, I'm very tired and want to sleep but wanted to get this out first at least. ⚡ I've simply extended the original consolidation channel between 0.7077 and 0.688 so feel free to extend or add one in for yourselves to refer to. Basically we want to avoid falling in within the consolidated channel as it would reset our progress a bit. ⚡ We've already managed to keep above it this long but with us having failed to form any higher high's, volume's decreased signaling traders got a bit tired and exhausted. That's resulted in us loosing the 200 EMA and we'll simply have to gain it again whenever we do to continue upwards but should we avoid slipping into the channel below that would be positive. ⚡My head hurts and I have to get some much needed sleep, just going to leave stuff here for now since nothing too crazy has happened, just some sideways and relatively lax trading activity. If you'd like to leave a like or follow would be much appreciated as usual, thanks. ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
2
Level up your understandingThe Liquidity game is much, much easier than you think. Most people only want posts that align with their own beliefs, the reality is Bitcoin is becoming institutional and the more players coming does not simply equate to prices rising. Logic will tell you, these "professional money makers" will want better prices, the accumulation phase on this scale will have retail torn apart. Every $100 rally will feel like the time is now and every $50 drop will feel like the end is near. I've shared countless posts and live streams here, talking about the transition. Here's a whole new set of things to think about to educate yourself on the current situation. First of all here's one of the latest streams going into detail of some of the logic. www.tradingview.com In educational terms here we go. When price moves up and volume goes down, this is called divergence. Imagine you're at a party with your friends, and you see two people dancing together. One person is dancing really fast, moving a lot, and having a great time. The other person is dancing slowly and not moving much. This difference in their dance styles is like volume divergence in trading. In trading, volume refers to the number of shares or contracts that are traded in a specific time period. It's like how many people are buying and selling stocks or other financial assets. Volume divergence happens when the price of a stock or asset is going in one direction, like going up, but the volume is not matching it. For example, the price might be rising, but not many people are buying or selling it. It's like the dancing person who is moving fast (price going up) but not many people are joining the dance (low volume). Ok so step one, there is a clear divergence of volume... Next I can guarantee some people will question the relationship to the price. Well. I used a box to measure 50% of the move here, just to highlight the obvious. Look left and see the level to volume actually peaked higher on the right and then dropped off, so argument no longer valid. Secondly, the orange line represents the green spike in volume that we lack in the current move. Third point; Look at the Weiss wave moves, again I have covered this in several educational posts here as well as many of my streams, if you don't know what this is. Go back and look through the posts. I often use Weiss to justify a 3 wave in an Elliott wave move. It can quickly highlight the obvious level of impulsive nature. Or in this instance, the lack of. Zoomed in and then over to the monthly timeframe. So what you need to understand is that with lack of impulsiveness and clear divergence, what else can you see that backs up the logic? How about using Oscillators? The monthly stochastic clearly showing overbought. And an off the shelf OBV showing sideways balance If you can learn to read these simple points, your already onto a winner. Many newer traders have strategies that often include RSI, MACD or Moving Averages and 9 times out of 10 it's on too small a timeframe. "If in doubt, zoom out" Combining logical arguments to figure out where you are on the chart can help you develop a much better picture, if you still want to trade smaller times, then you have a bias based on the bigger picture. OK - so next, let's take a look at a slightly more advanced view. This is CVD (cumulative delta); What does the numbers mean? Imagine you have a piggy bank, and every day, you either put money into it or take some money out. The total amount of money you've put in or taken out is like the cumulative delta. In trading, cumulative delta is a way to keep track of the buying and selling activities in the market for a particular financial asset, like a stock. Instead of money, we use something called "contracts" or "shares" to represent the buying and selling. When traders buy a stock, it's like they are putting money into the piggy bank. And when they sell the stock, it's like taking money out of the piggy bank. The cumulative delta keeps track of the difference between the number of shares bought and the number of shares sold throughout the day or a specific period. This image above tracks the numbers for each swing. When coupled with other tools such as Footprint levels, you can see where the higher levels of liquidity is sitting. Now combine the stages above. Let's recap. Bigger players coming in will want better prices. We have divergence on volume. Weiss waves lack impulsiveness. Oscillators oversold or show sideways balance. CVD levels still mostly negative. Footprint key levels have wider gaps to the next layers of liquidity. =============================================================== Now, what else would be worth looking at? Well. one tool I have shared many times in the posts and streams is called COT. COT stands for "Commitment of Traders." It's like keeping track of who is doing what in a big game, but instead of players, we are talking about traders in the financial markets. Imagine you are playing a game with your friends, and you want to know who is on which team. You might have a list that shows how many players are on each team and what roles they play, like who's a striker, who's a defender, and so on. In trading, COT is a report that shows us how many traders are on each team, so to speak. It tells us how many traders are buying and how many are selling certain financial assets, like commodities (like gold, oil) or futures contracts (which are like agreements to buy or sell something at a specific price in the future) AND of COURSE BITCOIN. The COT report is released by official organizations, and it's based on data collected from traders who are required to report their positions in these markets. Why does this matter? revert back to bigger players in the market coming for Bitcoin... just like in a game, knowing which team has more players or which roles are in demand can give you a clue about the game's overall strategy. When we look at the COT report, we can see if there are more traders buying or if more are selling it. This information helps understand the market sentiment. If a lot of traders are buying, it might mean they have a positive outlook, and the price of the asset could go up. On the other hand, if many traders are selling, it might mean they are not so optimistic, and the price could go down. In COT terms, there are two major players I look for in the reports. Asset Managers COT Asset Managers are like assistants for the big investors, like hedge funds or investment firms. These big investors have a lot of money to invest in different things, like stocks, commodities, or other financial assets including Bitcoin. It is the Asset Managers' job to take care of these investments and make sure they are managed well. It's like they are the guardians of the funds. So Asset Managers view of Bitcoin currently seems to be positive. Now for the second player I look at in the COT report. Leveraged Funds Imagine you a bank that allows you to borrow money. You then use that money to invest... Leveraged Funds are a bit like that. They are investment funds that use borrowed money, or leverage, to try to make bigger profits. These funds can invest in different things but in this case their investing in Bitcoin. Here's how it works: Regular Investment: Let's say you have $10, and you decide to put it in a normal bank. Over time, your money might grow a little with interest, and you'll have more than $10. Leveraged Investment: Now, let's imagine you have another bank called a leveraged fund. Your bank give you an extra $10 as a loan, so you have a total of $20 to put into this leveraged bank account. This means you can invest twice as much as you originally had! However, there's also a risk with leveraged funds. If the investments don't do well, you might lose more money than you initially had. For example, if your $20 goes down to $15, you still need to repay the $10 you borrowed, so you'll end up with only $5 of your own money left. The summary here is that larger investors use leveraged funds, so unlike Asset Managers who have a very long outlook. The Leveraged Funds element of the COT report is smaller timeframes but still a lot of volume. So, what is their current view? Whilst we have a positive long term outlook. COT would suggest we are not completely ready to shoot off to the moon just yet. I have really tried to over simplify the post here for the sake of education. There's a lot more to each individual section, but knowing these basics will set you off on the right path. Bitcoin becoming institutional is a great opportunity if you know where to look. These moves are far from random as you can see in this post below. Anyways! take it easy and good luck out there! Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Editors' picks
COINBASE:BTCUSDEducation
by Mayfair_Ventures
26
The Ripple XRP megawedgeSo XRP did disappoint in the 2021 rally, but in hindsight, as always, one could have expected it. Damn hindsight :) It appears that XRPUSD is forming a gigantic multiyear mega wedge, similar to the first megawedge of 2013-2017, this would be the second one from 2018-2024, so 2 years longer than the first one. Of course, the direction of the breakout will depend on: 1. The conclusion of the SEC case 2. The direction which BTC will take So if SEC resolves well for Ripple AND BTC makes new all time highs in the 2024/25 cycle, then yes, XRP will reach nice valuations of at least 10 USD. If SEC resolves badly for Ripple AND BTC pumps, expect much lower target prices. If SEC resolves well for Ripple AND BTC dumps, then also much lower target prices. Worst case is of course BTC dumps, so no rally in 2024, and they also lose the case. Then expect this mega wedge to break to the downside. So we can see, it all depends on the SEC case and BTC. But a buy in if BTC goes to ATH levels in 2024 would make sense, since the risk/reward could pay off well. The worst thing that could happen then, is that it pumps only a little if they lose the case. So that is the longterm plan for XRP. A really brutal coin, probably by far the most unfun to hodl for long periods of time. But the risk reward in 2024 and later if everything goes well, could be large.
BITSTAMP:XRPUSD
by SebastianofMoon
7
💦 XRP 'JUST KEEP SWIMMING' 💦🌊 Hi! Thanks ladies and gentlemen for tuning in, been busy with some personal matters so haven't been able to post but without further a due let's take a quick swim. 🌊 🌊 In our last idea the target was to get a break above 0.71 and get some of that momentum again back up with volume having declined following the fall from 0.736. Pointed out that a break above 0.71 would help to be a positive signal for the market to get back some confidence in XRP which thankfully did manage to happen pushing prices to 0.73 on the local. 🌊 Below I will link a 15 minute visual chart for you guys to refer to as well as some new markings I've added which you can add to your own charts of course. 🌊 The chart basically speaks for itself pretty much but we've got this new consolidation channel that's formed and wouldn't be too bad to make note of. And yes I'm aware that most of the points intersect at 0.71 for the bottom channel mark but 0.70 is where your two deepest points/wicks have extended to so I've made the mark there. 🌊 XRP did manage to form a higher high on the local too so happy with that, and for the 200 EMA it's just what it is, even if we lose it we just have to keep avoiding falling below 0.70 and 0.68 if it comes down to that again. Below I added in a fibonacci that could help some of you guys I'm sure. 🌊 I marked the bottom of the Fib at the start of XRP's rally and the top at the peak so that's given this: 🌊 Can identify some pretty distinct things right off the bat such as at that 0.713 mark which shows a clear difference for us depending on whether or not we're below or above that Fib. Then above at 0.736 we see how price's immediately tumbled once we lost that level so indicates that these Fib lines can do us some good. I'll do my best to start incorporating this some more but feel free to add to your own charts or look yourself. 🌊 The Federal Reserve made the decision to approve rate hikes bringing levels to a 22 year high raising rates by a quarter percentage point which does bring the rate to it's target of 5.25%-5.5%. Market's basically been pricing now the factor that there likely won't be any more hikes in the coming meetings though policy makers said otherwise. Show's the market's belief that this is the end of rate hikes increasing and a possible soft landing for the US economy with hopes rising. I can't say anything to that but that's simply been one of the driving forces here and XRP's seemed to have taken advantage of that. 🌊 All this especially as the Pacific Island Group of Palau is preparing to start it's stablecoin trail of using a stablecoin which will be linked to the U.S dollar. The test will be running through August and run on the XRP ledger with Ripple already providing technical assistance and staff to assist. There's no absolute guarantee that the nation which consists of 20,000 people and 340 islands will continue after the test with the project but a report will be made on the progress and that in itself is a big step for crypto, not to mention XRP. 🌊 Below I will add a link to the site I referenced regarding the Palau Project if you guys would like, that's it for today's idea but thanks so much for tuning in, I really appreciate it and feel free to leave any likes, follows, always helps, thank you. Link to Palau Test: www.coindesk.com ~ Rock '
BITSTAMP:XRPUSD
by Rocksorgate
4
Consolidation and Potential BreakoutsPractical XRP Analysis - July 27th, 2023 In the ever-changing landscape of the cryptocurrency market, XRP (Ripple) has recently witnessed notable price fluctuations, creating both challenges and opportunities for traders and investors. Let's dive into the analysis of XRP from four days ago up to the most recent data available. Recap of Previous Analysis (4 Days Ago): On July 23rd, XRP's price experienced a rollercoaster ride. It initially ranged between $0.47 and $0.50, but a significant surge on July 13th catapulted it to a peak of $0.938. However, this high was short-lived, and the price retraced to around $0.68. After some consolidation, XRP surged again to $0.85, before settling in the $0.69 - $0.70 range. Technical indicators like RSI, Bollinger Bands, Volume Oscillator, OBV, Stochastic, and MACD were also assessed. Updated Analysis (July 27th, 2023): As of today, the 4-hour chart reveals that XRP is currently trading at $0.711, with minor changes of around -0.6% in the last 24 hours. The Bollinger Bands indicate a relatively narrow trading range, with upper, middle, and lower bands at $0.7235, $0.7033, and $0.6832, respectively. The Fibonacci retracement levels show potential support and resistance levels, with the 0.236 level at $0.7169 and the 0.382 level at $0.7432. The RSI is at 46, suggesting neutral market conditions, while the Volume Oscillator shows a slight preference for selling at -12%. The Stochastic oscillator stands at 61, indicating some positive momentum, while the OBV at 7.657 billion reflects significant trading interest. The MACD, however, remains slightly bearish at -0.0059. Short-Term Scenario (Next Few Days): In the short term, XRP's price appears to be consolidating within a relatively tight range, and the RSI's neutral reading indicates a lack of extreme buying or selling pressure. Traders should closely monitor the Bollinger Bands, as a breakout above the upper band may signal a potential bullish trend, whereas a drop below the lower band could indicate further bearish movement. If XRP manages to find support at the 0.236 Fibonacci level of $0.7169, it could potentially retest the 0.382 level of $0.7432. However, caution is advised due to the slightly bearish MACD signal. Long-Term Scenario (Coming Weeks/Months): Taking a longer-term view, XRP's direction will be influenced by broader market trends and significant Fibonacci retracement levels. The daily chart's half-level at $0.6937 may act as a crucial support level to watch for potential further bullish movements. Additionally, the 0.382 level at $0.7513 could serve as a resistance level. Traders and investors should keep a close eye on market sentiment, as well as any developments in the cryptocurrency industry, including regulatory decisions or technological advancements that may affect XRP's price trajectory. Most Probable Scenario: The most probable scenario for XRP in the near term is a continuation of the consolidation within the narrow trading range, indicated by the Bollinger Bands. A short-term bounce towards the 0.382 Fibonacci level at $0.7432 is possible if XRP finds support at the 0.236 level. However, traders should exercise caution as the slightly bearish MACD signal may cap upward potential. Dos and Don'ts: Do: Regularly monitor the Bollinger Bands, RSI, and Fibonacci retracement levels to identify potential price breakouts or reversals. Do: Stay informed about broader market trends and news related to XRP and the cryptocurrency industry as a whole. Do: Diversify your investment portfolio and manage risk effectively to mitigate potential losses. Don't: Make impulsive decisions based solely on short-term price movements or emotions. Don't: Overlook the importance of conducting thorough research before making investment decisions in the cryptocurrency market.
by MonoCoinSignal
11
XLM Decision making time!XLM broke out of its bearish downtrend after a 100%+ move from the XRP case verdict. After this breakout, it had a solid pump and is now sitting right below resistance. Ii can see XLM pump up to .1670 before being rejected but if it fails here I would wait for the purple line below to get retested again before entering a long trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Calculate Your Risk/Reward! This is not financial advice. This is for educational purposes only.
by Navitility
XRP LONG 0.75$ and 1.15$ are on the RadarXRP price prediction, the value of XRP is predicted to drop by -2.25% and reach $ 0.479326 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). XRP recorded 17/30 (57%) green days with 3.88% price volatility over the last 30 days. Based on our XRP forecast, it's now a good time to buy XRP. XRP price today is $ 0.489242 with a 24-hour trading volume of $ 2.56B, market cap of $ 25.56B, and market dominance of 2.08%. The XRP price increased 1.12% in the last 24 hours. XRP reached its highest price on Jan 4, 2018 when it was trading at its all-time high of $ 3.92, while XRP's lowest price was recorded on Jul 7, 2014 when it was trading at its all-time low of $ 0.002802. The lowest price since it's ATH was $ 0.113268 (cycle low). The highest XRP price since the last cycle low was $ 1.977930 (cycle high). The XRP price prediction sentiment is currently bullish, while Fear & Greed Index is showing 64 (Greed). XRP's current circulating supply is 52.25B XRP out of max supply of 100.00B XRP. The current yearly supply inflation rate is 13.26% meaning 6.12B XRP were created in the last year. In terms of market cap, XRP is currently ranked #4 in the Layer 1 sector. Trend bullish higher pocs divergence RSI trend continuation is positive The bullish sentiment is +86% Comparing XRP against other important technological innovations and trends is one way of predicting where the XRP price could head over the long term. The table above shows what the XRP price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase. In the best case scenario, XRP price prediction for year 2026 is $ 9.05 if it follows Facebook growth. In case XRP would follow Internet growth the prediction for 2026 would be $ 1.037854. XRP is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 48 days, since May 16, 2023. The price of XRP is currently above the 50-day SMA and this indicator has been signaling BUY for the last 2 days, since Jul 01, 2023. The most recent Death Cross in the Bitcoin market happened 192 days ago, on Dec 23, 2022. Meanwhile, a Golden Cross last occurred on Apr 03, 2023, which was 91 days ago. Based on our technical indicators, XRP's 200-day SMA will rise in the next month and will hit $ 0.466289 by Aug 02, 2023. XRP's short-term 50-Day SMA is estimated to hit $ 0.461511 by Aug 02, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 53.43, which indicates that the XRP market is in a neutral position. S1 $ 0.471781 S2 $ 0.458633 S3 $ 0.446728 R1 $ 0.496833 R2 $ 0.508737 R3 $ 0.521886 Highlights Price has increased by 52% in the last 1 year Outperformed 80% of the top 100 crypto assets in 1 year Trading above the 200-day simple moving average 18 green days in the last 30 days (60%) Has high liquidity based on its market cap Trading on Binance Trading with Euro Risk Analysis Outperformed by Bitcoin and Ethereum Down -87% from all-time high Yearly inflation rate is 13.26% XRP price is positively correlated with the top 10 coins by marketcap with a value of 0.140, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.128. Currencies that are positively correlated with XRP indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with XRP, a move in one direction for XRP would translate into a move in the opposite direction for the negatively correlated coin. XRP Price Forecast Date Price Change Jul 4, 2023 $ 0.487750 -0.54% Jul 5, 2023 $ 0.493399 0.62% Jul 6, 2023 $ 0.473601 -3.42% Jul 7, 2023 $ 0.493554 0.65% Jul 8, 2023 $ 0.479326 -2.25% Jul 9, 2023 $ 0.484505 -1.20% Jul 10, 2023 $ 0.442919 -9.68% Jul 11, 2023 $ 0.461829 -5.82% Jul 12, 2023 $ 0.473853 -3.37% Jul 13, 2023 $ 0.488465 -0.39% Jul 14, 2023 $ 0.468111 -4.54% Jul 15, 2023 $ 0.442248 -9.81% Jul 16, 2023 $ 0.439206 -10.43% Jul 17, 2023 $ 0.436434 -11.00% Jul 18, 2023 $ 0.437612 -10.76% Jul 19, 2023 $ 0.447480 -8.75% Jul 20, 2023 $ 0.442908 -9.68% Jul 21, 2023 $ 0.453327 -7.56% Jul 22, 2023 $ 0.463789 -5.42% Jul 23, 2023 $ 0.446259 -9.00% Jul 24, 2023 $ 0.443146 -9.63% Jul 25, 2023 $ 0.439622 -10.35% Jul 26, 2023 $ 0.433597 -11.58% Jul 27, 2023 $ 0.431139 -12.08% Jul 28, 2023 $ 0.431371 -12.03% Jul 29, 2023 $ 0.420295 -14.29% Jul 30, 2023 $ 0.429755 -12.36% Jul 31, 2023 $ 0.422158 -13.91% Aug 1, 2023 $ 0.437131 -10.86% Aug 2, 2023 $ 0.436228 -11.04%
CAPITALCOM:XRPUSDLong
by DaveBrascoFX
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